Overview
What is Everson Museum Foundation?
Everson Museum Foundation is a charitable organization, based in Brooklyn, Ohio, with an address at 4900 Tiedeman Road. Its primary purpose is to provide financial support to the Everson Museum of Art in Syracuse and Onondaga County. The foundation operates under a trust agreement from December 19, 1979. Keybank serves as the trustee, distributing the net income to the beneficiary museum. The foundation's role is to ensure that the museum's needs and activities align with its mission. The charity has the right to remove the trustee, guide investments, appoint co-trustees, or form committees, and may withdraw principal funds when necessary. The foundation's mission is to aid the Everson Museum of Art in its operations or endowment fund, demonstrating its commitment to the artistic and cultural development of Syracuse and Onondaga County.
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (52%)
The Everson Museum Foundation has received a low rating of 52%, indicating significant areas of concern regarding its accountability and financial practices. The absence of independent board members and missing key policies such as conflict of interest and whistleblower protections suggest a lack of governance transparency. Additionally, financial statements are not available, which raises questions about the organization’s financial reporting and oversight.
On a positive note, the organization demonstrates a strong commitment to its programs, with a program expense ratio of 87.69%. This indicates that a large portion of its expenditures are directed towards its mission-related activities. However, without proper financial disclosures and transparency, it becomes challenging for supporters and stakeholders to fully understand how funds are being utilized.
Overall, while the Everson Museum Foundation appears to effectively allocate resources towards its programs, its low accountability rating highlights critical governance issues that need to be addressed to improve reliability and trust among donors and the community.
This AI summary has been generated from information found on Charity Navigator.
Is Everson Museum Foundation legitimate?
Everson Museum Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Everson Museum Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $40,620
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Everson Museum Foundation?
The Everson Museum Foundation, as per its Trust Agreement established in 1979, distributes its net income entirely to the Everson Museum of Art in Syracuse and Onondaga County. The foundation's trustee, Keybank, maintains a responsiveness to the needs and activities of the beneficiary organization, ensuring alignment with its mission. The charity has the power to remove the trustee, direct or approve investments, appoint co-trustees or committee members, and even withdraw principal if necessary. The primary focus of the Everson Museum Foundation is to support the Everson Museum of Art, aiding in its mission and activities.
Who is the CEO of Everson Museum Foundation?
Ryan Mcdermott is the Treasurer of Everson Museum Foundation.
What is the revenue of Everson Museum Foundation?
Everson Museum Foundation's revenue in 2022 was $205,891.
Who are the executives of Everson Museum Foundation and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $40,620
- Related: $0
- Other: $0
Where can I find the form 990 for Everson Museum Foundation?
Everson Museum Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Everson Museum Foundation
The Everson Museum Foundation, as specified by its Trust Agreement dated December 19, 1979, is mandated to distribute its net income entirely to the Everson Museum of Art in Syracuse and Onondaga County. The foundation maintains a close relationship with the beneficiary organization, ensuring its responsiveness to the museum's needs and activities in the pursuit of its mission. The Everson Museum Foundation holds significant authority, including the power to remove the Trustee, direct or approve investments, appoint Co-Trustees or committee members, and withdraw principal when necessary. The foundation's primary role is to support the Everson Museum of Art in its mission, ensuring its continued success and growth.
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Impact
October, 2024
The Everson Museum Foundation significantly impacts the cultural landscape of Syracuse and Onondaga County by providing essential financial support to the Everson Museum of Art. Established through a Trust Agreement, the Foundation ensures that 100% of its net income is directed towards the museum’s operating expenses and endowment fund. This financial backing enables the museum to continue its mission of enriching the community through visual arts.
With Keybank serving as the trustee, the Foundation emphasizes a collaborative approach, remaining responsive to the museum's needs and activities. This responsiveness ensures that the grants align with the museum's goals and strategic initiatives, allowing for effective programming and outreach. The Foundation not only enables the museum to sustain its operations but also supports its growth and development, ultimately enhancing access to the arts for the broader community.
Through its ongoing commitment, the Everson Museum Foundation plays a crucial role in fostering a vibrant arts environment, promoting cultural engagement, and providing opportunities for education and enrichment in the region.
This information is meant to be a general summary of Everson Museum Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $205,891
- Gross Receipts: $607,953
Assets and Liabilities:
- Total Assets: $2,942,611
- Total Liabilities: $0
- Net Assets: $2,942,611
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Organization Details
Founding Year
1979
Phone
(216) 689-0416Principal Officer
Ryan Mcdermott
Main Address
4900 TIEDEMAN ROAD OH-01-49-0381, BROOKLYN, OH, 44144
NTEE Category
Code: A51 - Arts
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